- Burger King in Oshkosh, WI: 3664 SF Burger King about 1 hour South of Green Bay. 20 yrs NNN lease to 2nd largest Burger King franchisee. $325K will be held in escrow for store remodeling after close of escrow. NOI $115K/yr. with 7.5% rent bumps every 5 yrs. $1.564M. 7.35% cap.
- Hooters restaurant in Orange Park, FL: 3433 SF restaurant built in 1998 on .6 ac lot in Jacksonville metro. 20 yrs absolute NNN corp lease with 8.5 yrs left. NOI $150K/yr with 10% rent bump in 2015. $1.878M. 8% cap.
- Retail Center in Rosedale, NY: 17,250 SF multi-tenant retail center built in 2005 across from Lowe’s, Big K-mar, Michael’s and TJ-Max anchored center in affluent (AHI $153K/yr in 1 mile) New York suburbs. 100% NNN leased with 3-5% annual rent increases. NOI $371K/yr. $5.3M. 7% cap.
- Medical Office Building in Brandon, FL: 10,600 SF 2-story medical office building on 1.18 acres lot just 0.2 miles from Brandon Regional Hospital. 73% leased. NOI $85K/yr. $1.05M. 8.1% cap.
© Transmercial 2011.
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